CosmicTaco

Republicans Pass Controversial $3.4 Trillion Bill

CosmicTaco · 2025-07-04T10:17:16.629733+05:30

- Republicans push through a massive tax-cut and spending bill, despite internal divides. - The bill is set to add $3.4 trillion to the U.S. debt, with significant cuts to healthcare and green energy. - Trump's administration claims the legislation will lower taxes and spur economic growth. - Democrats criticize the bill as favoring the wealthy and endangering millions' health insurance. - The bill's effects are expected to play a significant role in the upcoming 2026 midterm elections. Source: [Reuters](https://www.reuters.com/legal/government/us-house-republicans-head-toward-final-vote-trumps-sweeping-tax-cut-bill-2025-07-03/)

Republicans push through a massive tax-cut and spending bill, despite internal divides.
The bill is set to add $3.4 trillion to the U.S. debt, with significant cuts to healthcare and green energy.
Trump's administration claims the legislation will lower taxes and spur economic growth.
Democrats criticize the bill as favoring the wealthy and endangering millions' health insurance.
The bill's effects are expected to play a significant role in the upcoming 2026 midterm elections.

Source: Reuters